Lending at the Estonian Credit Union

Lending at the Estonian Credit Union          

Who we are

The Estonian Credit Union (ECU) is a member-owned, co-operative financial institution. Becoming a member means you become part of a community. As a member, you are part owner in the credit union, meaning we answer to you – you are our shareholders. Our community and members always come first. With over $110 million in assets, almost 5000 members, and over 60 years of experience, you can trust that we put your interests first.

Mortgage Rules

With our co-operative, community based approach to banking, we always take the time to understand our members and try to find the best solution to fit you. Based on credit history we review all applications on an individual basis and make sure our members are protected and ready for home ownership.

As an Ontario Credit Union, we adhere to stringent mortgage underwriting policies, and although our regulators are not mandating the same regulations as apply to Big Banks like the recent B-20 guideline changes, we continue to follow our existing mortgage practices and policies which put member needs and safety first. With our historic exceptionally low delinquencies and defaults, we are confident that our members’ money is safe and secure.

Deposits at ECU

At The Estonian Credit Union, all insurable non-registered deposits are covered up to $250,000. Insurable deposits in registered accounts have unlimited deposit coverage.

Why Borrow with us?

As a member-owned financial institution, we know the people that bank with us, our owners. We put people before profits, and we listen to your needs – our lenders take the time to sit down with you and make sure you understand the process and get the best solution. We offer competitive interest rates, advantages to first time borrowers, various repayment terms, and we are also experts in co-op and co-ownership financing.

Ready to apply for a pre-approval? Apply online here or call our lending team to book an appointment or for more details (416) 465-4659.

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